Mercer has announced the appointment of its six financial advice offices and 40 Strategic Financial Advisers as accredited Professional Practices of the Financial Planning Association (FPA). Mercer is the first salaried adviser firm to be accepted as an FPA Professional Practice.
The FPA is Australia’s peak professional body for financial planners and is designed to recognise financial planning practices of the highest caliber that qualify after rigorous screening.
Mercer’s Financial Advice Leader for the Pacific market, Michelle Smith, said: “We’ve been accepted by the FPA due to our level of highly qualified advisers, our remuneration structure and the fact our advisers are all members of a professional body.
“Sixty five per cent of Mercer’s advisers are Certified Financial Planners (CFPs) compared to the 45% industry certification level and 95% of our advisers have a University degree. We are absolutely committed to continuously raising the industry standards and this is reflected in the caliber of our financial advisers.
“Its important consumers have access to advice they can trust to enable them to enhance their wealth and reach their goals. We really value the FPA endorsement and believe it demonstrates our commitment to providing high quality advice to our clients,” Ms Smith said.
FPA CEO Mark Rantall said, “The FPA Professional Practice program recognises quality financial planning practices that are providing the highest quality financial advice in their community.”
“With only two in five Australians seeking financial advice, we are working hard to address this gap by increasing consumer trust in financial planning. Consumers don’t know where to turn for advice they can rely on. If they look for an FPA Professional Practice, this is a perfect place to start,” he said.
Mercer is a global leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s 20,000 employees are based in more than 43 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com.au. Follow Mercer on Twitter @MercerAu